Foreign Currency Usage Limits on Credit Cards

[paid_influencer]

what many big multinational companies do is buy goods sold here in tt dollars and sell it regionally for the actually useful currencies

(the goods aren't locally made either. purely spinning a top to get the forex out)

[adnj]

them islands have a way more rational currency system than we. most have put their currency above the govt reach. no prime minister could individually do chit like printing money by giving loan off the central bank. no prime minister could say aye look election coming up lewwe adjust the rate. they cyar even say AS OF MIDNIGHT TONIGHT and change the money system dramatically. when you really look at it we trying to play a "real" country but doing banana republic chit all the time and like it so

Is that why no other country will even touch the tt dollar?

How useless is the TT Dollar outside of Trinidad and Tobago?

Worthless, even Travelex won't buy it.

[widdyphuck]

them islands have a way more rational currency system than we. most have put their currency above the govt reach. no prime minister could individually do chit like printing money by giving loan off the central bank. no prime minister could say aye look election coming up lewwe adjust the rate. they cyar even say AS OF MIDNIGHT TONIGHT and change the money system dramatically. when you really look at it we trying to play a "real" country but doing banana republic chit all the time and like it so

Is that why no other country will even touch the tt dollar?

How useless is the TT Dollar outside of Trinidad and Tobago?

Worthless, even Travelex won't buy it.

Who is travel fx in the grand scheme of things

[adnj]

them islands have a way more rational currency system than we. most have put their currency above the govt reach. no prime minister could individually do chit like printing money by giving loan off the central bank. no prime minister could say aye look election coming up lewwe adjust the rate. they cyar even say AS OF MIDNIGHT TONIGHT and change the money system dramatically. when you really look at it we trying to play a "real" country but doing banana republic chit all the time and like it so

Is that why no other country will even touch the tt dollar?

How useless is the TT Dollar outside of Trinidad and Tobago?

Worthless, even Travelex won't buy it.

Who is travel fx in the grand scheme of things

The 30,000 foot view is that you can easily sell TT dollars -- if you happen to have a foreign address and proof of the source of the funds for TTDs in a foreign currency.

Because of increased regulatory pressure caused by various nation's implementations of the US Bank Secrecy Act and Anti-Money Laundering legislation, along with the so-called "de-risking" movement of foreign banks were once connected with the Caribbean, it is difficult to broker currency trade in most of the Caribbean.

Trinidad and Tobago dollars can be sold -- but not if you are in Trinidad and Tobago.

[eliteauto]

Barbados is worse than us with regard to USD, can't even open a USD account there and all USD purchases need Gov't approval prior.
Our forex crunch is real not artificial, local banks are under pressure, some local companies have tens of millions in USD transactions and cannot get the USD out of the country.
Grenada is much much easier

[triniterribletim]

them islands have a way more rational currency system than we. most have put their currency above the govt reach. no prime minister could individually do chit like printing money by giving loan off the central bank. no prime minister could say aye look election coming up lewwe adjust the rate. they cyar even say AS OF MIDNIGHT TONIGHT and change the money system dramatically. when you really look at it we trying to play a "real" country but doing banana republic chit all the time and like it so

Is that why no other country will even touch the tt dollar?

How useless is the TT Dollar outside of Trinidad and Tobago?

Worthless, even Travelex won't buy it.

No idea who Travel FX is, Travelex is the Cambio that's present in basically every major airport worldwide, with thousands of locations, both airport and main street. Some company with one office in Middlesex and no other presence except for online doesn't pass the financial smell test.

[Dizzy28]

I put in a request for US$ for a trip next month.
In August I was able to have received £300 which was almost 400USD.

Capture.PNG

Scotia has advised me I can get US$300
So that's US$540 in total.

[Mmoney607]

them islands have a way more rational currency system than we. most have put their currency above the govt reach. no prime minister could individually do chit like printing money by giving loan off the central bank. no prime minister could say aye look election coming up lewwe adjust the rate. they cyar even say AS OF MIDNIGHT TONIGHT and change the money system dramatically. when you really look at it we trying to play a "real" country but doing banana republic chit all the time and like it so

Is that why no other country will even touch the tt dollar?

How useless is the TT Dollar outside of Trinidad and Tobago?

Worthless, even Travelex won't buy it.

No idea who Travel FX is, Travelex is the Cambio that's present in basically every major airport worldwide, with thousands of locations, both airport and main street. Some company with one office in Middlesex and no other presence except for online doesn't pass the financial smell test.

No response from adnj yes

[triniterribletim]

How much USD going for on the black market nowadays?

[pugboy]

7.5-8.25

How much USD going for on the black market nowadays?

[Mmoney607]

them islands have a way more rational currency system than we. most have put their currency above the govt reach. no prime minister could individually do chit like printing money by giving loan off the central bank. no prime minister could say aye look election coming up lewwe adjust the rate. they cyar even say AS OF MIDNIGHT TONIGHT and change the money system dramatically. when you really look at it we trying to play a "real" country but doing banana republic chit all the time and like it so

Is that why no other country will even touch the tt dollar?

How useless is the TT Dollar outside of Trinidad and Tobago?

Worthless, even Travelex won't buy it.

No idea who Travel FX is, Travelex is the Cambio that's present in basically every major airport worldwide, with thousands of locations, both airport and main street. Some company with one office in Middlesex and no other presence except for online doesn't pass the financial smell test.

No response from adnj yes

Money, if you need US$ from me, feel free to ask.

viewtopic.php?f=4&t=714660&start=300#p10430181

Isn't that screenshot something different from what the poster was referring to?

[redmanjp]

Is that why no other country will even touch the tt dollar?

How useless is the TT Dollar outside of Trinidad and Tobago?

Worthless, even Travelex won't buy it.

No idea who Travel FX is, Travelex is the Cambio that's present in basically every major airport worldwide, with thousands of locations, both airport and main street. Some company with one office in Middlesex and no other presence except for online doesn't pass the financial smell test.

No response from adnj yes

Money, if you need US$ from me, feel free to ask.

https://www.trinituner.com/v4/forums/vi ... #p10430181

Isn't that screenshot something different from what the poster was referring to?

it's not in US - what's the US rate?

[hover11]

PNM Performance

[shaneelal]

By next year it might be less than $1000/month at Scotia.

Scotia

As we continue to navigate the Foreign Exchange considerations prevailing within our country, please be advised that effective December 1, 2024, the maximum US dollar spending limit per calendar month on your Scotiabank credit card will be reduced as follows, until further notice: -

Aero® Mastercard Black: USD $5,000.
All other personal cards: USD $2,000.

This change includes all transactions conducted outside of Trinidad and Tobago along with all international online transactions. All local TT dollar transactions conducted online or at merchants remain unaffected. Further details will be sent to some credit cardholders advising of other adjustments. Additionally, your ScotiaCard Visa DEBIT will no longer offer overseas point-of-sale purchases nor ATM withdrawals.

[paid_influencer]

By next year it might be less than $1000/month at Scotia.

Scotia

As we continue to navigate the Foreign Exchange considerations prevailing within our country, please be advised that effective December 1, 2024, the maximum US dollar spending limit per calendar month on your Scotiabank credit card will be reduced as follows, until further notice: -

Aero® Mastercard Black: USD $5,000.
All other personal cards: USD $2,000.

This change includes all transactions conducted outside of Trinidad and Tobago along with all international online transactions. All local TT dollar transactions conducted online or at merchants remain unaffected. Further details will be sent to some credit cardholders advising of other adjustments. Additionally, your ScotiaCard Visa DEBIT will no longer offer overseas point-of-sale purchases nor ATM withdrawals.

bodow.

ppl complaining say the Visa Debit only giving them limited at ATM or foreign Point of Sales -- take that. NONE for allyuh, it doh work at ALL now.

and yuh damn right, $1000/month limit on credit cards coming sooner rather than later.

trinis who doh hear need to feel

[sMASH]

Wtf imburt doing ...

[paid_influencer]

trinis too facking happy. visa debit card was working good then inshan start to bawl up the limit too low etc -- jackhole cause scotia to shut down the whole thing.

[pugboy]

it’s not inshan fault
you think the bank doesn’t see all the foreign atm transactions repeatedly showing that a local has their card physically in usa or canada being sucked every day

[pugboy]

will be even harder to open a bank acct and cc in other banks now

[Dave]

Blow by blow....
The masses would not take this lightly.

[pugboy]

they ain’t riot yet
and only want to go and buy cars

Blow by blow....
The masses would not take this lightly.

[paid_influencer]

I like the language in the notice.

"We thank you for your continued understanding throughout these adjustments"

very clearly saying more adjustments to come

take bull.

[hover11]

Blow by blow....
The masses would not take this lightly.

PNM people are very happy and contented throughout this entire forex issue which has been happening for years and not a dog dare bark at their master

[pugboy]

and impsbert boasting about no inflation
when crunch time hits and black market usd takes over we can expect hyper inflation
but it will be interesting to see car prices remain the same since they getting the legal usd whilst everybody else sucking salt

[paid_influencer]

car prices funny because if the cars priced too high, less ppl would buy (less sales) except for the premium indefatigable consumers

allyuh still have a month to spend so suck harddd this black friday

[Dave]

and impsbert boasting about no inflation
when crunch time hits and black market usd takes over we can expect hyper inflation
but it will be interesting to see car prices remain the same since they getting the legal usd whilst everybody else sucking salt

Limiting Forex is inflation plain and simple.

[computercentral]

Meh black card from scotiabank cut in half 5k USD now

[hover11]

car prices funny because if the cars priced too high, less ppl would buy (less sales) except for the premium indefatigable consumers

allyuh still have a month to spend so suck harddd this black friday

Range rover , kia and Corolla will still sell, banks will just extend the loan periods, instead of 10 years might be 15 years to pay off

[The_Honourable]

Blow by blow....
The masses would not take this lightly.

PNM people are very happy and contented throughout this entire forex issue which has been happening for years and not a dog dare bark at their master

Because they studying grant, hdc and fete. You really think they understand what forex is?

[pugboy]

yeah but when the prices start running away due to our continued excessive tastes it will be interesting to see how it plays out
mind you barbados has currency controls and i am not sure how their price inflation is or if stable and the haves continue to to have and the nots just live without

and impsbert boasting about no inflation
when crunch time hits and black market usd takes over we can expect hyper inflation
but it will be interesting to see car prices remain the same since they getting the legal usd whilst everybody else sucking salt

Limiting Forex is inflation plain and simple.